Stock Movers ASML Surges, LVMH Down, Volvo Rises
Jan 28, 2026
Chloe Mele, Bloomberg reporter covering European stocks and corporate earnings, breaks down big market moves. ASML’s Q4 order surge and AI optimism send shares higher. LVMH faces holiday sales weakness weighing on luxury names. Volvo reports improving truck demand and a firmer European outlook.
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AI Demand Fuels ASML Surge
- ASML's Q4 orders nearly doubled analyst expectations, signaling strong AI-driven chip demand.
- The company announced a €12bn buyback and job cuts, underlining its unique market position and sector-wide optimism.
LVMH Weakness Clouds Luxury Rebound
- LVMH reported weaker-than-expected sales and an uncertain near-term outlook, dragging down the luxury sector.
- Early upbeat reports from Burberry and Richemont may have been company-specific rather than signaling a broad luxury rebound.
Volvo Sees Tentative Truck Market Recovery
- Volvo raised its outlook for the European truck market and expects improved North American retail sales, signaling tentative recovery.
- Tariff and regulatory uncertainty had depressed demand, but orders now show signs of stabilizing.